Anthony Pustorino - Gabelli Equity Independent Director

GAB Fund  USD 5.21  0.02  0.38%   
Anthony Pustorino is Fund Manager at Gabelli Equity Trust
Mr. Anthony R. Pustorino, CPA., is the Independent Director of The Gabelli Equity Trust Inc. Mr. Pustorino is a Certified Public Accountant and Professor Emeritus of Pace University with fifty years of experience in public accounting. He is a member of both multifund ad hoc Compensation Committees. Mr. Pustorino also serves on comparable committees of other boards in the Fund Complex. Mr. Pustorino was a Director of The LGL Group, Inc., a diversified manufacturing company, and Chair of its Audit Committee. He was previously the President and shareholder of a CPA firm and a Professor of accounting at both Fordham University and Pace University. He served as Chairman of the Board of Directors of the New York State Board for Public Accountancy and of the CPA Examination Review Board of the National Association of State Board of Accountancy. Mr. Pustorino was Vice President and a member of the Executive Committee of the New York State Society of CPAs, and was the Chair or member of many of its technical Committees. He was a member of the Council of the American Institute of CPAs
Age 88
Tenure 38 years
Phone914-921-5000
Webhttps://www.gabelli.com/Template/fundinfo.cfm?tid=MWY5ZDg=&bid=YjUxNQ==&mid=MjJmMTI=&num=NmVjMTI=&kid=Mzc2MDA=&pid=obj&rid=111-=edoc_dnuf
Pustorino is the recipient of numerous professional and teaching awards. He received a BS in Business from Fordham University and a Masters in Business Administration from New York University.

Gabelli Equity Management Performance (%)

The company has Return on Asset of 0.21 % which means that on every $100 spent on assets, it made $0.21 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (14.42) %, meaning that it generated no profit with money invested by stockholders. Gabelli Equity's management efficiency ratios could be used to measure how well Gabelli Equity manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 68.56 M in debt with debt to equity (D/E) ratio of 0.04, which may show that the company is not taking advantage of profits from borrowing. Gabelli Equity Trust has a current ratio of 1.93, which is typical for the industry and considered as normal. Debt can assist Gabelli Equity until it has trouble settling it off, either with new capital or with free cash flow. So, Gabelli Equity's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Gabelli Equity Trust sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gabelli to invest in growth at high rates of return. When we think about Gabelli Equity's use of debt, we should always consider it together with cash and equity.

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The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States. Gabelli Equity operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not classified under any group at the present time.

Management Performance

Gabelli Equity Trust Leadership Team

Elected by the shareholders, the Gabelli Equity's board of directors comprises two types of representatives: Gabelli Equity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gabelli. The board's role is to monitor Gabelli Equity's management team and ensure that shareholders' interests are well served. Gabelli Equity's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gabelli Equity's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bruce Alpert, President Acting Chief Compliance Officer
Salvatore Zizza, Independent Director
Kuni Nakamura, Independent Director
Mario Gabelli, Chairman of the Board, Chief Investment Officer
Anthony Pustorino, Independent Director
Elizabeth Bogan, Independent Director
David Schachter, Vice President
Molly Marion, Vice President and Ombudsman
Leslie Foley, Independent Director
Agnes Mullady, President of the Open-End Fund Division and COO of the Open-End Fund Division
Peter Goldstein, Vice President Secretary
Richard Walz, Chief Compliance Officer
Daniel Plourde, Vice President
Frank Fahrenkopf, Independent Director
William Heitmann, Independent Director
Carter Austin, Vice President
James Conn, Lead Independent Director
Arthur Ferrara, Independent Director
Andrea Mango, Vice President Secretary
Michael Ferrantino, Independent Director
Anthony Colavita, Independent Director
John Ball, Treasurer and Principal Financial and Accounting Officer

Gabelli Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Gabelli Equity a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gabelli Equity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gabelli Equity's short interest history, or implied volatility extrapolated from Gabelli Equity options trading.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gabelli Equity Trust. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Gabelli Equity Trust information on this page should be used as a complementary analysis to other Gabelli Equity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Please note, there is a significant difference between Gabelli Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gabelli Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gabelli Equity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.